The impact of short selling on insider trading
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HISTORY is replete with examples of insider trading, globally and in Singapore.
The Monetary Authority of Singapore (MAS) took action against former banker Vincent Rajiv Louis last October for contravening the Securities and Futures Act after he admitted to insider trading.
Insiders capitalise on profit opportunities because they have private information - details that can be obtained only because they are close to the source of information. Hence, insiders are said to be "informed".
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